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Business Analyst Average Salary in Malaysia 2024

How much money does a person working as Business Analyst make in Malaysia?


Average Monthly Salary
8,130 MYR
( 97,600 MYR yearly)

LOW
4,310
MYR
AVERAGE
8,130
MYR
HIGH
12,400
MYR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Business Analyst in Malaysia typically earns around 8,130 MYR. Salaries range from 4,310 MYR (lowest) to 12,400 MYR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Business Analyst salaries in Malaysia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Business Analyst Pay Scale and Salaries in Malaysia

Median and salary distribution Malaysia Business Analyst monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
7,310 MYR or more
10% of people earn
6,530 to 7,310 MYR
20% of people earn
4,810 MYR or less
65% of people earn
4,810 to 6,530 MYR
Minimum Salary
4,310 MYR
Median
7,330 MYR
Maximum
12,400 MYR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Business Analyst in Malaysia range from 4,310 MYR (starting salary) to 12,400 MYR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 7,330 MYR, half of the professionals who work as Business Analyst in Malaysia earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Business Analyst in Malaysia earn less than 6,110 MYR, while 75% earn more. Similarly, the chart shows that 75% earn less than 8,300 MYR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Business Analyst in Malaysia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,810 MYR to 6,530 MYR. About 20% of salaries are below the 4,810 MYR mark, while 10% fall within the range of 6,530 MYR to 7,310 MYR. Only 5% of individuals have salaries exceeding 7,310 MYR.

Salary Comparison by Years of Experience / Business Analyst / Malaysia

How do experience and age affect pay?

0 - 2 Years
4,960 MYR
2 - 5 Years+23%
6,080 MYR
5 - 10 Years+42%
8,620 MYR
10 - 15 Years+17%
10,100 MYR
15 - 20 Years+10%
11,100 MYR
20+ Years+6%
11,700 MYR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Malaysia Business Analyst
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Business Analyst and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 4,960 MYR.

While someone with an experience level between two and five years is expected to earn 6,080 MYR, 23% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 8,620 MYR, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 10,100 MYR, 17% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 11,100 MYR, 10% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 11,700 MYR, 6% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Business Analyst / Malaysia

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Business Analyst.

High School
6,000 MYR
Certificate or Diploma+13%
6,810 MYR
Bachelor's Degree+31%
8,900 MYR
Master's Degree+32%
11,700 MYR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Malaysia Business Analyst
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Business Analyst in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 6,000 MYR.


Level 2: Certificate or Diploma

At this level, the average salary becomes 6,810 MYR, 13% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 8,900 MYR, 31% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 11,700 MYR, 32% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Malaysia costs anywhere from 33,100 MYR to 99,200 MYR and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Business Analyst / Malaysia

Salary comparison by gender Malaysia Business Analyst monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Business Analyst in Malaysia, the average difference between the salary of male and female employees is 10%.

Male
8,440 MYR
Female-9%
7,690 MYR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Malaysia for all Careers

Salary comparison by gender monthly Malaysia
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Average Annual Salary Increment Percentage / Business Analyst / Malaysia

How much are annual salary increments in Malaysia for individuals working as Business Analyst? How often do employees get salary raises?

Individuals working as Business Analyst in Malaysia are likely to observe a salary increase of approximately 14% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Malaysia Business Analyst
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Malaysia / All Professions

Annual Salary Increment Rate Malaysia
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Malaysia is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Business Analyst / Malaysia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Malaysia Business Analyst
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23% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 77% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
77%
No Bonus
23%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Business Analyst / Malaysia


47 MYR per hour

The average hourly wage (pay per hour) for individuals working as Business Analyst in Malaysia is 47 MYR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Business Analyst in Malaysia is 25 MYR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Business Planning-100%
Agile Coach7,800 MYR-4%
Assistant Business Development Manager8,630 MYR+6%
Assistant Merchandise Planner5,040 MYR-38%
Business Advisor7,980 MYR-2%
Business Analyst8,130 MYR-0%
Business Consultant8,160 MYR+0%
Business Continuity Associate4,850 MYR-40%
Business Developer5,510 MYR-32%
Business Development Analyst5,880 MYR-28%
Business Development Associate4,210 MYR-48%
Business Development Coordinator4,690 MYR-42%
Business Development Director11,800 MYR+45%
Business Development Engineer6,760 MYR-17%
Business Development Executive8,250 MYR+1%
Business Development Manager10,700 MYR+32%
Business Development Specialist7,760 MYR-5%
Business Manager9,490 MYR+17%
Business Operations Specialist7,990 MYR-2%
Business Process Writer4,510 MYR-45%
Business Systems Analyst8,220 MYR+1%
Capacity Planner5,630 MYR-31%
Capacity Planning Supervisor7,750 MYR-5%
Change Communications Analyst7,740 MYR-5%
Change Control Analyst7,360 MYR-10%
Change Impact Analyst7,680 MYR-6%
Chief Automation Officer9,890 MYR+22%
Chief Innovation Officer10,500 MYR+29%
Contracts Executive8,320 MYR+2%
Corporate Strategy Analyst8,420 MYR+4%
Cost Control Engineer5,460 MYR-33%
Cost Controller5,760 MYR-29%
Cost Estimator5,400 MYR-34%
Crisis Management Specialist8,570 MYR+5%
Data Executive4,130 MYR-49%
Data Manager6,180 MYR-24%
Data Processing Manager7,270 MYR-11%
Development Researcher5,940 MYR-27%
Digital Strategist8,530 MYR+5%
Digital Transformation Manager8,600 MYR+6%
Director of Business Development11,800 MYR+45%
Director of Production Planning10,100 MYR+24%
Drop Shipping Consultant6,960 MYR-14%
Due Diligence Analyst8,840 MYR+9%
Estimating Manager9,190 MYR+13%
General Manager9,700 MYR+19%
Growth Hacker6,260 MYR-23%
Impact Assessment Specialist7,060 MYR-13%
Impact Investing Analyst7,280 MYR-10%
Incident Handler5,760 MYR-29%
Incident Specialist7,280 MYR-10%
Lean Consultant6,450 MYR-21%
Manager10,500 MYR+29%
Marketing and Business Development Manager9,500 MYR+17%
Materials Planner3,460 MYR-57%
Merchandise Assistant3,500 MYR-57%
Merchandise Controller3,610 MYR-56%
Merchandise Planner3,560 MYR-56%
Online Consultant6,820 MYR-16%
Online Reputation Manager6,570 MYR-19%
Operations Analyst7,130 MYR-12%
Operations Manager8,340 MYR+3%
Operations Research Analyst5,200 MYR-36%
Planning and Reporting Manager9,000 MYR+11%
Planning Director11,000 MYR+35%
Product Designer6,120 MYR-25%
Product Manager6,650 MYR-18%
Project Administrator5,140 MYR-37%
Project Manager8,080 MYR-1%
Project Planner5,100 MYR-37%
Research Assistant4,550 MYR-44%
Research Engineer4,940 MYR-39%
Research Officer4,180 MYR-49%
Risk Management Specialist8,070 MYR-1%
Scholarship Coordinator4,060 MYR-50%
Store Planner4,120 MYR-49%
Strategy Director11,700 MYR+44%
Top Research and Development Executive11,700 MYR+44%

Salary Comparison By City

CityAverage Salary
Johor Bahru8,530 MYR
Kuala Lumpur9,270 MYR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Malaysia is 9% on average across all career fields.

Private Sector
6,340 MYR
Public Sector+9%
6,900 MYR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Business Analyst in Malaysia?

A good and competitive compensation would range anywhere between 7,330 MYR and 8,300 MYR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Business Analyst in Malaysia ranges from 4,310 MYR to 6,110 MYR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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